Good Tuesday Morning!

We hope that you have been getting the most out of #NIRI18.

Tuesday's schedule kicks off with a special networking breakfast at 7:30 am for the Senior Roundtable (Alsace 2), as well as a NextGen Networking Breakfast (in Alsace 1 at 7:30 am) for attendees with less than five years of experience in IR. The IR Showcase will be open from 7 am to 6 pm in the Lafite Ballroom and breakfast will be served there as well.

The Tuesday session highlights include:

NYSE Group President Stacey Cunningham's remarks on "Bulls, Bears, Unicorns, and Proxy Wars: The Battle for Clarity and Common Sense in Today’s Capital Markets" in the Latour Ballroom at 8:30 am

Make Your Best Bids!

Don't forget to visit the NIRI Silent Auction to help support @Route91Strong and benefit the Las Vegas shooting survivors. Place your bids to win extraordinary hotel and show packages and other collectibles before the auction closes at 6 pm on Tuesday.

NIRI Releases Updated Policy on Guidance

On Monday, NIRI announced an updated policy on earnings guidance and long-termism. The new NIRI policy statement, which is an update of NIRI’s 2008 policy on this topic, was developed by a working group of NIRI’s Board of Directors who convened in the first quarter of 2018. The group considered input from NIRI members and consideration of the views of investors, asset managers, senior corporate management, and other stakeholders.

NIRI believes that an undue focus on short-term, single-point guidance is undesirable and that all relevant audiences – primarily investors, financial analysts, and the news media – are better served when public companies focus their guidance on their long-term strategy and business value drivers. If a company chooses to communicate guidance, NIRI recommends that it provide long-term guidance (i.e., one year or longer) on a consistent set of financial and non-financial metrics that, together, constitute the key long-term value drivers of its business. At the same time, NIRI acknowledges that there will be circumstances when a company may need to furnish short-term guidance, for example, to address seasonality or an unexpected market development, or to be consistent with the practices of industry peers.

Survey Says: San Diego!

Congratulations to NIRI San Diego, which won the first annual NIRI Family Feud event on Monday afternoon.